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Abstract:FXTM Investment Option, as a fraudster, purports to assist investors in avoiding scams. How ironic! Because of the squabble on the website, some trusting investors may believe the fraudster. However, no matter what the scammer claims, FXTM Investment Option is a hoax. And here's some convincing evidence.
There is no Registration or Regulation.
FXTM Investment Option initially asserts that it is registered with Companies House in the United Kingdom (CH) under registration number 13810415. According to the CH registry, the number belongs to a different firm called Shelley Building and Contracting Limited. To put it another way, the fraudster does not register in the United Kingdom.
The scam also claims to be regulated by several forex regulators, including:
1) the Gibraltar Financial Services Commission (GFSC);
2) the United Kingdom Financial Conduct Authority (UK FCA);
3) the Cyprus Securities and Exchange Commission (CySEC);
4) the Australian Securities & Investment Commission (ASIC).
First, we looked for FXTM Investment Option on GFSC and found nothing. Furthermore, keep in mind that the GFSC does not monitor forex brokers or assist in resolving disputes between investors and brokers.
At the same time, we found no matches for this firm in CySEC or ASIC. Regulators have no authority over the entity. 4
Furthermore, the UK Financial Conduct Authority has issued a warning that FXTM Investment Option performs financial services without authorization. In this case, no laws can safeguard your cash.
Sophistry is enjoyable.
“Avoid Bogus” on the scam website adds irony to the deception.
The scammer believes that no matter how hard it tries, some individuals will always believe it is a fraud. And it indicates that those who accuse it of being a fraud are the ones who lost money. It also provides some more justifications to verify that the website is not a fraud.
The forex authorities, on the other hand, have previously told us that FXTM Investment Option is a hoax. That is why WikiFX consistently encourages investors to verify broker licenses and not be misled by their euphemisms.
About WikiFX
WikiFX is a search engine for worldwide corporate financial information. Its primary duty is to search for basic information, regulatory licenses, the credit assessment, platform identification, and other services for participating foreign currency trading firms.
There are about 39,000 brokers listed on the marketplace, both licensed and unregistered. WikiFX's staff has been working hard with 30 financial regulators from across the world to guarantee that the information supplied is accurate and up to date.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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